After three years, breaking the $2000 mark now Bitcoin is heading towards setting a new record for Bitcoin, which this time passes the $30,000 mark. Cryptocurrency has experienced a meteoric rise since last year after many large investors became interested in this method of payment. However, it continues to attract detractors, who give it no financial value.
Bitcoin falls no longer. Just weeks after the cryptocurrency broke above $20,000 for the first time, it broke a new record, rising to $34,800 (€ 28,360). A nice way to celebrate its 12th birthday by starting the year on the same path as 2020, during which it experienced a parabolic evolution.
It is indeed common knowledge that Bitcoin is volatile, to say the least. In 2017, it went from $ 1,000 to $ 19,000 in a matter of months. The scenario repeated itself last year when in March it lost more than 30% of its value in 24 hours before soaring thanks to the interest of many large investors.
Cryptocurrency, however, continues to divide experts. Some, on the one hand, do not hesitate to predict that it is about to become as popular a means of payment as the others. Against the dollar, whose value has been at its lowest since 2018, its supporters believe that bitcoin protects against potential inflation caused by central banks, especially in these uncertain economic times.
“The numbers continue to rise while the market has never been so high. We foresee a very bright future for all those who own Bitcoin ”, said Paolo Ardoino, CTO of Bitfinex.” This increase, the market owes among others to Paypal, which will allow paying in Bitcoin in 2021, which could lead to a decrease in its availability, and therefore an increase in its value, according to analysts. However, not all are convinced of the potential of cryptocurrency. In France, Bruno Le Maire accuses it of financing terrorism, while around the world, experts insist that it has no intrinsic value. Nouriel Roubini, professor of economics, believes that “the price of Bitcoin is totally manipulated by a handful of people. We are about to see the hyperbolic bubble burst ”.
Digital marketing enthusiast and industry professional in Digital technologies, Technology News, Mobile phones, software, gadgets with vast experience in the tech industry, I have a keen interest in technology, News breaking.
For tech analysts, software engineers, and digital journalists tracking real-time market shifts on platforms like…
Modern mobile security models treat phone numbers as default digital passports, forcing tech consumers and…
Large enterprises have a lot of security data, but identifying the signals that truly matter…
A glass of tap water reveals little about its chemical makeup. Clear water may still…
In today’s healthcare landscape, collaboration between academic programs and corporate leaders fuels both technological innovation…
Italy is cracking down on cell phone use in traffic and will soon be targeting…